|Bid||43.06 x 1000|
|Ask||49.50 x 1300|
|Day's range||42.82 - 45.35|
|52-week range||20.35 - 63.16|
|Beta (5Y monthly)||1.98|
|PE ratio (TTM)||9.81|
|Forward dividend & yield||1.00 (2.18%)|
|1y target est||N/A|
Texas Capital Bancshares, Inc. (TCBI), the parent company of Texas Capital Bank, N.A., today announced that Texas Capital Bancshares, Inc. and Independent Bank Group, Inc. (IBTX), the holding company for Independent Bank, have mutually agreed to terminate their merger agreement, previously announced on December 9, 2019, under which the companies had agreed to combine in an all-stock merger of equals. “Due to the unprecedented impact of the COVID-19 pandemic, both companies’ boards of directors believe it is in the best interests of our employees, clients and all of our shareholders to focus on managing our business during this time,” said Larry Helm, Chairman, Texas Capital Bancshares.
Texas Capital Bancshares, Inc. (TCBI) (“Texas Capital”), the parent company of Texas Capital Bank, and Independent Bank Group, Inc. (IBTX) (“Independent Bank Group”), the holding company for Independent Bank, today announced that they have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals with a total market value of approximately $5.5 billion to create the premier, Texas-based super regional bank. The name of the combined holding company will be Independent Bank Group and the name of the combined bank will be Texas Capital.
Great Western Bank, a wholly owned subsidiary of Great Western Bancorp, Inc. (GWB), announced today that it has closed on its transaction to purchase and assume the management of the trust assets of Independent Bank acquired through its acquisition of Guaranty Bank and Trust Company in Colorado. Independent Bank is a wholly owned subsidiary of Independent Bank Group, Inc. (IBTX). As of September 30, 2019, Independent Bank’s Trust Department located in Colorado had approximately $306.0 million in assets held in fiduciary or agency capacities.